Jyoti_Deep

Jyoti_Deep

Looking at a higher timeframe, SENSEX has retraced back to the golden zone, i.e., 65950. SENSEX touched the golden zone and immediately took a small reversal from the downtrend. This indicates a possible upside reversal from here. However, interestingly, the SENSEX today closed just at a historic support level. We need to closely observe next session's opening...

Jyoti_Deep

The market has been getting very depressive, especially for options traders for the past few days. The market is primarily indecisive. This is mainly because big players are awaiting key financial data, such as repo rate announcements, inflation data etc. Retail traders should stay away from such a market condition and wait for a trend to start. Premiums are gonna...

Jyoti_Deep

Nifty was closed around a historic support/ resistance level, which is 19522. On the upper side, the immediate targets for NIFTY are 19597 and 19611. On the down side, the immediate targets for NIFTY are 19390 and 19376.

Jyoti_Deep

BANKNIFTY will open Gap-Up tomorrow. On the upside, BANKNIFTY has strong resistance at the 45222 level. If BANKNIFTY continues to be in Green for the first half an hour, we may see BANKNIFTY consolidating around this level. If BANKNIFTY pulls back, it could come down to the latest close. In case BANKNIFTY opens continues to be in Red during the first half an...

Jyoti_Deep

Tomorrow SENSEX is most likely to give a Gap-Up opening. On the upside, 65937 is a strong resistance (look at a higher timeframe, i.e., 4 hours). Also, that is the fibo-0.369 level. SENSEX has to break this level and sustain itself to continue going up. But, once SENSEX reaches this level, we may see a pullback to the 65680, or even 65550 level, before moving up....

Jyoti_Deep

BANKNIFTY has closed at a very interesting position today. It broke down 44502, which is a crucial support, but again moved up and closed for the day above this level. On the other hand, it closed right below the fibo-1 (which is 44550.80). We need to look at how the market opens tomorrow and observe the movement for the initial half an hour. In case of a...

Jyoti_Deep

We may see a flat to minor gap-up opening tomorrow. But the market is most likely to remain in the red. During the opening hours, we may see a slight upmove. In the upside, 65248 has to be broken for SENSEX to move up. In the downside, 65090 is important. closing below this level could result in more downfall. Note: This is just a personal opinion. Do your own...

Jyoti_Deep

I see FINNIFTY reaching 20900. But, it could take a minor pullback till the 20470 level. it could also consolidate for the time being around the current level. NSE:CNXFINANCE Sustaining above the 20650 level is essential for FINNIFTY to continue the up move. Note: This is only a personnel opinion, and not a trading advice.